Crypto Push

2023-12-06 16:00:30 Bitcoin Surge Blasts $170M in Bearish Shorts as BTC Price Targets $48K

Bitcoin’s ever-growing prices are leaving at least one group startled by the rapid bumps: Those placing highly leveraged short futures bets aimed at profiting from potential price reversal.

Large liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly.

The staging for this rally already started in the week beginning 10/23 when BTC managed to overcome the iron-beam resistance in the $30k area,” shared Julius de Kempenaer, senior technical analyst at StockCharts. “On the weekly chart, the next expected level of resistance is around $48k, the peak set at the end of March 2022. Open / Comment

2023-12-03 20:00:20 ChatGPT thinks $8 is a realistic target for XRP in 2024

SEC-Ripple saga: How it began
Ripple has been at loggerheads with the U.S. Securities and Exchange Commission (SEC) for years now.

Court delivers a partial judgment
In July 2023, the judge ruled that the sale of XRP tokens to retail investors over exchanges and through programmatic sales did not constitute investment contracts; hence, it was not a security in this case.

The Court will seek to schedule a jury trial for the second calendar quarter of 2024.

ChatGPT deciphers some fundamental questions
Note that ChatGPT has limited access to information until 2021 only. That makes it difficult to pull data beyond 2021, let alone make future predictions—something that OpenAI’s policy firmly prohibits.

ChatGPT predicts the price of XRP
We asked ChatGPT to predict the price of XRP towards the end of the year. Open / Comment

2023-11-30 12:01:42 Will Blur prices take a U-turn after this development

Blur gets a new pair
Binance revealed Blur’s listing slightly over a week ago. On 29th November, the exchange made an additional announcement, specifying that the token would now be paired with a new stablecoin, FDUSD.

Did BLUR react?
Despite the latest announcement from Binance, Blur displayed no notable reaction on the daily timeframe chart.

How the exchange flow has trended
An examination of Blur exchange flows reveals a recent stabilization in both inflow and outflow over the past few days. Following the announcement of the airdrop, there was a surge in exchange activity, reaching levels unprecedented in months. Open / Comment

2023-11-27 18:00:18 Of Blur, Lido, and the ripple effects of Blast

It’s all a BLUR
Heading the project is PacmanBlur, co-founder of the popular NFT marketplace Blur [BLUR]. Blast’s appeal is further amplified by the backing it has received from crypto investment firm Paradigm.

A paradigm shift
In his tweet, Robinson said that Paradigm disagreed with the decision to launch the bridge before the L2 and the three-month withdrawal restriction. They believed that these actions set a negative precedent for Blast.

Impact on BLUR and LDO
Despite the interest shown by whales, the price of BLUR fell materially. At press time, it was trading at $0.528972 and had fallen by 13.14% in the last 24 hours. Only time will tell whether BLUR’s price will decline further, or if this is just a momentary bump in the road. Open / Comment

2023-11-24 17:00:32 KyberSwap DEX shaken by alleged $47 mln exploit

Users urged to withdraw funds after security incident
KyberSwap swiftly acknowledged the security incident through a post on X, urging all users to promptly withdraw their funds.

Dear Kyberswap Developers, Employees, DAO members, and LPs, Negotiations will start in a few hours when I am fully rested. Thank you.

Upon scrutinizing the situation, 0xngmi, a pseudonymous employee at crypto data site DefiLlama, clarified that it wasn’t an approval issue with Kyber aggregator. Instead, the hacker seemed to be systematically draining the Kyber liquidity provider pools.

The repercussions of this exploit were immediate, with the price of Kyber Network Crystal (KNC) experiencing a sharp decline. It was trading at $0.731 at press time, according to TradingView. Open / Comment

2023-11-21 17:00:35 Bittrex Global to wind down operations after the collapse of its US arm

It is with great regret that we inform you that Bittrex Global has decided to wind down its operations.

SEC isn’t slowing down
Bittrex is among the increasingly long list of virtual asset platforms hit by regulatory action in the U.S. this year. The latest exchange to suffer the SEC’s salvo is Kraken.

The judge ruled that the sale of XRP tokens on crypto exchanges and through programmatic sales did not constitute a sale of securities. But the institutional sale of XRP tokens indeed violated federal securities laws. Open / Comment

2023-11-18 18:00:33 Blackrock’s spot Ethereum ETF application goes to the SEC

Blackrock’s big Ethereum plan
Interestingly, the predicted development has not had a major impact on the price of Ethereum. According to CMC, at press time, ETH was trading at $2069.45 with a market cap of over $248 billion. The past hour chart showed gains by just over 1 percent, while the 7-day chart registered a massive uptrend of over 8 percent.

Blackrock’s influence on the crypto market
Notably, Blackrock has been credited for reviving the interest in the spot ETF market. This year, the investment management giant was the first to file for a spot Bitcoin ETF. The move was quickly replicated with several other notable contenders in the ETF market. Open / Comment

2023-11-15 18:00:00 Cardano – Kraken to pair up? Here’s what’s going on

Like Base, Like Kraken
As of last week, Kraken had not yet decided on the blockchain firm it intends to collaborate with on the project. However, it had options including Polygon [MATIC], Matter Labs, and the Nil Foundation. So, it remains uncertain its Cardano will make the cut.

Cardano’s odds are bleak and bright
Although the TVL’s increasing momentum had flatlined, the quick rise implied that many market players trusted the chain enough to deposit liquidity into it. Now, here’s where it gets interesting for Cardano as regards its chances of clicking the project. That is, if Kraken decides to consider it. Open / Comment

2023-11-13 18:00:18 Don’t miss $QDO listing on MEXC: AI quality management for the real world
Without a good quality management system, a company will die. But traditional quality management is a nightmare of spreadsheets.
- Enter smart quality management by Qoodo $QDO. It uses AI and gamification to track performance & work time, reward employees, and replace all those endless spreadsheets.
- A synergy of AI and blockchain that actually works
- 10+ tools, from a log wizard to an audit manager
- A unique $QDO reward system that gamifies compliance
- Perfect for industry, retail, catering, hospitality & more
- Audited by Hacken

Qoodo is actually a huge ecosystem: an app, education platform, marketplace, helpdesk, certification system, wizard, tracker, explorer...
Buy $QDO on MEXC

Official chat: https://t.me/qoodo_IO Open / Comment

2023-11-12 17:00:30 Will Lido’s AUM grow past the $1 billion mark?

High hopes
According to Token Terminal’s data, Lido’s AUM could exceed $10 billion in the coming market cycle. Lido’s AUM (assets under management) exceeding $10 billion signaled significant growth for the platform. It meant that more people were entrusting their assets to Lido.

Lido is working on something new called the Community Staking Module (CSM). This is an extra feature to make more people interested in Lido. It fits with what the DAO (that’s like the management team) wants to do and uses a special high-tech design. Open / Comment